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The hotel company NI showed profits of 10,000 (before tax) for the period 2020 and 12,000 for 2021. In 2021 the internal auditors discovered that
The hotel company "NI" showed profits of 10,000 (before tax) for the period 2020 and 12,000 for 2021. In 2021 the internal auditors discovered that on 01/01/2020, the company recorded an insurance premium expense of 3,000 (with corresponding reduction of the cash and cash equiivalent account), an amount which concerned the prepayment of insurance premiums for a period of 3 years. How much should the profits of the period 2020 and 2021 be?
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